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BHM investment in Williams family's Pinnacles Mine hopes to secure future of key Broken Hill industries

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Pinnacles Mine Nyheter

Rasp Mine,Broken Hill Mines,BHM

The family that has owned Pinnacles Mine for more than 70 years has entered into an agreement with the Broken Hill Mines company which will see it purchase 70 per cent of the mine's profit share.

ABC Broken Hill: Oliver BrownA new mining agreement reached in Broken Hill could secure the city's historic mining industry for the next 50 years.

Pinnacles Mine, which sits 15 kilometres south-west of Broken Hill, has entered what some are calling a "game changing" agreement with Broken Hill Mines Limited . However, Mr Williams said it had become clear the resource-rich mine was too much for the family to manage alone. BHM executive director Patrick Walta said the Pinnacles site was quite "special" and would be a "multi-decade" project."It's got nearly 3,000 metres of drilling core there that hasn't even been assayed yet and developed."Photo shows Old mining infrastructure in Broken Hill at the Rasp Mine

 

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